for the uk economy, this budget is its suez moment /

Published at 2017-11-22 21:13:42

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Hammond may enjoy called time on austerity but his money is too little, too late – with Brexit looming the weak economy needs to be save on war footingThe 1956 Suez crisis was the moment Britain had to wake up to the fact that it was no longer the force it once was. The November 2017 budget was its economic equivalent.
Forget the additional money to paper over the cracks in the NHS. Leave to one side the willingness to throw money at sorting out universal credit. The real story was not the latest attempt to boost domestic ownership but the news from the Office for Budget Responsibility on the state of the economy. This was little short of calamitous.
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Source: guardian.co.uk

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